Udayavni Special

Nine of top 10 most valued firms lose Rs 1.63 lakh cr in market valuation; RIL most hit


Team Udayavani, Nov 1, 2020, 10:41 AM IST

New Delhi: Nine of the top 10 most valued companies witnessed a combined erosion of Rs 1,63,510.28 crore in market valuation last week, with Reliance Industries emerging as the biggest laggard.

The BSE benchmark index Sensex had tumbled by 1,071.43 points or 2.63 per cent during the week.

Barring Kotak Mahindra Bank, whose market capitalisation (m-cap) rose by Rs 32,570.94 crore to Rs 3,06,331.09 crore, other nine firms among the top 10 saw depletion in their market worth.

Reliance Industries Ltd’s (RIL), the most valued firm, valuation tanked by Rs 39,355.06 crore to Rs 13,89,159.20 crore.

Another heavyweight HDFC Bank’s valuation diminished by Rs 28,574.61 crore to reach Rs 6,51,518.11 crore, followed by Infosys whose m-cap fell by Rs 26,152.79 crore to Rs 4,51,753.23 crore.

HDFC’s worth declined by Rs 24,844.93 crore to Rs 3,45,287.89 crore, Hindustan Unilever Ltd’s m-cap dipped by Rs 16,858.07 crore to Rs 4,86,898.54 crore, ICICI Bank’s valuation eroded by Rs 16,754.64 crore to Rs 2,70,736.06 crore and Tata Consultancy Services (TCS) market value tumbled by Rs 8,105.15 crore to Rs 9,99,954.24 crore.

The valuation of HCL Technologies declined by Rs 2,455.87 crore to Rs 2,28,816.24 crore and that of Bharti Airtel dipped by Rs 409.16 crore to Rs 2,36,552.97 crore.

In the ranking of top 10 firms, RIL topped the chart followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Airtel and HCL Technologies.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

RDIF, Hetero ink pact to produce 100 Mn doses of Sputnik V vaccine in India

Farmers’ protest leads to traffic snarls in Delhi

New Vijayanagar district to have 6 taluks; Hosapete to be district headquarters

COVID-19 caseload in India climbs to 93,09,787

SC extends Arnab’s interim bail, says judiciary should ensure criminal law is not weapon for selective harassment

Win for Kangana Ranaut: Bungalow demolition smacks of malice, says Mumbai HC

Mehbooba Mufti, daughter allegedly put under house arrest



Related Articles More

Asian stocks fall amid unease about vaccine development

Economic recovery stronger than expected, need to be watchful of demand sustainability: Das

Operations at PSU banks partially hit due to trade union strike

Centre approves amalgamation of Lakshmi Vilas Bank with DBS Bank India Ltd

Sensex plunges 695 pts on profit-booking; Nifty drops below 12,900

MUST WATCH

Mangalore: Lashkar militants pro wall writing on on Circuit House Road | Udayavani

Madhavashankara name for Mangalore airport: Shri Sugunendra Tirtha Swamiji

Centuries-old Tuluva ritual of ‘Bhoomipuje Gaddekori’ still performed at Palthadi Village in Puttur

A bike rider dies in a lorry crash : The scene of the accident was captured on CCTV

Moodbidri: Four people drowned in Shambhavi river

Latest Additions

Government should form development authority for the Tulu and Kodava languages: MLC B K Hariprasad

Nissan India announces expansion of dealership, service station network

Decision regarding Central OBC status for Veerashaiva-Lingayats must be taken soon: Basavajayamrityunjaya swamiji

RDIF, Hetero ink pact to produce 100 Mn doses of Sputnik V vaccine in India

Bantwal: Deputy tahsildar caught red-handed taking bribe

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.